It's called a centrifuge. The movie 2010 showed one very well. It was an area on a spaceship in which people live on the inside of a moving circle. It was also described in the book "Ringworld" in which the ring is so many miles wide that it is hard to see the ring unless you look.
There are many reasons to push toward a manned mission to mars that would benefit us greatly:
Suspended Animation - If we could suspend victims of wrecks and other catastrophes until they get to surgery and treatment, the prognosis may be far better, possibly saving lives.
Fungal and Bacterial management - Long term fungal and bacterial invasions are a real problem in long term enclosed spaces. Research on how these are managed in our present environment may lead to medical breakthroughs as well as make it possible to live in space.
Propulsion - Current technologies are based upon reaction drives. Rockets or Nuclear fission drives which spew out mass for propulsion in space. Research into new forms of propulsion may find means that are not based on reaction, perhaps giving us nonpolluting means of transportation, not only in space, but on earth.
Food- How to feed people for long periods of time. Todays food technology depends on nature and storage, but long term storage of foods as in a Mars mission may not be adequate. Means of producing food without earths supportive environment will be critical to Space Stations as well as new colonies. Designing plants and animals to provide food in new environments for colonization will be essential and tell us much about the current designs.
No- I think a mission to Mars is exactly the way to go for the United States. Breakthroughs in technology are required for us to stay completive in a global economy. Just as JFKs mission to the moon drove technology and our nation as the leader in many ways, President is right to set a goal post into the future. John F. Kennedy was not wrong in setting the goal post high.